Strategic leadership that drives success

RAKBANK's Management Committees play a crucial role in guiding the bank towards its business objectives and strategic goals. These committees are composed of top executives and experts from various areas of the bank, each bringing their unique perspective and expertise to the table.

With a focus on innovation, risk management, and efficient balance sheet management, these committees work tirelessly to enhance the customer experience and deliver exceptional results.


Management Project Executive Committee

The Executive Project Steering Committee (Project ExCo) of RAKBANK has been established by the CEO to govern the Bank's technology project portfolio and ensure alignment between the Bank's strategy and its technology project portfolio. The Project ExCo comprises of executive members appointed by the CEO of the Bank.


Lead Management Committee


Management Risk Committee

Chaired by the CEO, the Management Risk Committee (MRC) has a vital role in setting the tone for the Bank's risk-taking activities by articulating the Bank's risk philosophy and priorities. In addition, its role encompasses:

  • Review and recommendation of the risk management strategies as well as the risk tolerance and risk appetite of the bank.
  • Oversight of the implementation of the risk management strategies.
  • Reviewing and assessing the adequacy of the risk management framework and policies in identifying, measuring, monitoring, and controlling risk and the extent to which these are operating effectively.
  • Ensuring that appropriate infrastructure, resources, and systems are in place for risk management.
  • Reviewing the robustness of the bank’s Internal Capital Adequacy Assessment Process (ICAAP) and recommending it for the board’s approval.
  • Review of periodic reports on risk exposure and risk management activities.

Asset & Liability Committee

The Asset & Liability Committee ("ALCO," "Committee") has been established by the Board Risk Committee ("BRC") of the National Bank of Ras Al-Khaimah (P.S.C.) to maintain a healthy balance sheet (Capital + Liquidity) which supports business objectives and complies with the bank's policies as well as Central Bank and other regulatory requirements. The committee has the following objectives:

  • Ensure the efficient management of the balance sheet as directed by bank policies and the board.
  • Review reports on Liquidity, Interest Rate Risk, and Capital Management and ensure adherence to applicable limits, policies, and regulatory requirements.
  • Identify balance sheet management issues that are leading to underperformance and refer those that cannot be resolved to the Board Risk Committee.
  • Ensure business activity is consistent with the structural integrity of the balance sheet.
  • Manage the balance sheet efficiently, taking a forward-looking view of changes to economic, regulatory, and competitive actions.
  • Review asset and deposit pricing strategy for the bank.
  • Responsible for setting interest rates on bank-wide liabilities and internal FTP across all products.
  • Responsible as a group of experts for setting up IRSG for EIBOR submission.

Group Management Committee

The Group Management Committee oversees RAKBANK's strategic initiatives, business performance, and market analysis.


Management Credit Committee

The Management Credit Committee (MCC) of RAK Bank has been established by the Board of Directors of the bank to assist the board in primarily managing credit risks of all segments of the bank through the review of Product Programs Guidelines (PPGs) and the approval or recommendation of individual or group credits within the authorities delegated by the board. Typically, the credits referred to are those that are beyond the credit authority delegated to the Chief Executive Officer of the bank and below the credit authority of the Board Credit Committee. 

The MCC comprises:

  • Chief Executive Officer (CEO) who is the Chairman of the Committee.
  • Chief Credit Officer (CCO).
  • Managing Director and Co-Head Wholesale Banking Group – Coverage.
  • Managing Director – Business Banking.
  • Managing Director & Co-Head Wholesale Banking Group – Products.
  • Chief Risk Officer, who will be a permanent non-voting member with veto power on any policy deviations.

A quorum of at least three members of the Management Credit Committee (MCC) is required to be present in each committee meeting, with the CEO and CCO being permanent members. Committee decisions must be issued by a majority vote of the members, with the Chairman having the casting vote in case of a tie.

The MCC meets weekly, and Business Unit heads present proposals to the committee. The EVP/Head WBG Credit serves as the Secretary to the MCC. The Terms of Reference (TOR) of the MCC are approved by the Board of Directors.


Procurement Committee

The Procurement Committee ensures that the procurement process in RAKBANK applies appropriate levels of control and probity while maintaining the agility required to conduct its business. Comprised of senior management members, this committee monitors, evaluates, and advises on policies, processes, and strategic matters relating to procurement.


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